Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company designs, manufactures, sells, installs, and services heating, ventilating, air conditioning, controls, building management, refrigeration, integrated electronic security, integrated fire detection and suppression systems, and digital solutions. It also provides energy solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and control systems, as well as data-driven building solutions. It sells its products and services to commercial, residential security, institutional, industrial, data center, marine, and governmental customers. Johnson Controls International plc was incorporated in 1885 and is based in Cork, Ireland.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $23.6B | $3.1B | $3.3B | $965M | 25.5% | 2.8% | 93.0% |
| 2024 | $23.0B | $2.7B | $1.7B | $1.6B | 10.6% | 2.8% | -7.8% |
| 2023 | $22.3B | $2.1B | $1.8B | $1.8B | 11.2% | 8.2% | 20.7% |
| 2022 | $20.6B | $2.0B | $1.5B | $1.5B | 9.4% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 20,637 | 22,331 | 22,952 | 23,596 |
| Operating Revenue | - | 20,637 | 22,331 | 22,952 | 23,596 |
| Cost Of Revenue | - | 13,547 | 14,527 | 14,875 | 15,004 |
| Gross Profit | - | 7,090 | 7,804 | 8,077 | 8,592 |
| Operating Expense | - | 5,078 | 5,387 | 5,661 | 5,764 |
| Selling General And Administration | - | 5,078 | 5,387 | 5,661 | 5,764 |
| Total Expenses | - | 18,625 | 19,914 | 20,536 | 20,768 |
| Operating Income | - | 2,012 | 2,417 | 2,416 | 2,828 |
| EBITDA | - | 2,050 | 2,116 | 2,719 | 3,061 |
| Normalized EBITDA | - | 2,714 | 3,165 | 3,169 | 3,696 |
| EBIT | - | 1,333 | 1,371 | 1,903 | 2,196 |
| Interest Income | - | 6 | 18 | 17 | 19 |
| Interest Expense | - | 221 | 258 | 381 | 227 |
| Net Interest Income | - | -242 | -258 | -402 | -230 |
| Other Income Expense | - | -658 | -1,046 | -492 | -629 |
| Interest Income Non Operating | - | 6 | 18 | 17 | 19 |
| Interest Expense Non Operating | - | 221 | 258 | 381 | 227 |
| Net Non Operating Interest Income Expense | - | -242 | -258 | -402 | -230 |
| Pretax Income | - | 1,112 | 1,113 | 1,522 | 1,969 |
| Tax Provision | - | -182 | -468 | 111 | 245 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -139.44 | -220.29 | -31.50 | -76.20 |
| Net Income Continuous Operations | - | 1,294 | 1,581 | 1,411 | 1,724 |
| Net Income From Continuing And Discontinued Operation | - | 1,532 | 1,849 | 1,705 | 3,291 |
| Net Income From Continuing Operation Net Minority Interest | - | 1,103 | 1,397 | 1,216 | 1,502 |
| Net Income | - | 1,532 | 1,849 | 1,705 | 3,291 |
| Net Income Common Stockholders | - | 1,532 | 1,849 | 1,705 | 3,291 |
| Net Income Including Noncontrolling Interests | - | 1,723 | 2,033 | 1,900 | 3,513 |
| Normalized Income | - | 1,627.56 | 2,225.71 | 1,634.50 | 2,060.80 |
| Diluted NI Availto Com Stockholders | - | 1,532 | 1,849 | 1,705 | 3,291 |
| Basic Average Shares | - | 688.70 | 684.30 | 673.80 | 651.80 |
| Diluted Average Shares | - | 699.60 | 687.40 | 676 | 654.10 |
| Reconciled Depreciation | - | 717 | 745 | 816 | 865 |
| Reconciled Cost Of Revenue | - | 13,547 | 14,527 | 14,875 | 15,004 |
| Total Unusual Items | - | -664 | -1,049 | -450 | -635 |
| Total Unusual Items Excluding Goodwill | - | -664 | -1,049 | -450 | -635 |
| Minority Interests | - | -191 | -184 | -195 | -222 |
| Net Income Discontinuous Operations | - | 429 | 452 | 489 | 1,789 |
| Special Income Charges | - | -701 | -1,049 | -485 | -544 |
| Other Special Charges | - | - | -25 | -25 | -2 |
| Write Off | - | 229 | 498 | 35 | 0 |
| Impairment Of Capital Assets | - | 310 | 290 | 332 | 382 |
| Restructuring And Mergern Acquisition | - | 162 | 1,049 | 143 | 164 |
| Gain On Sale Of Security | - | 37 | 35 | 35 | -91 |
| Total Other Finance Cost | - | 27 | 52 | 38 | 22 |
| Earnings From Equity Interest | - | 6 | 3 | -42 | 6 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Johnson Controls International plcthis co. | JCI | $89.9B | 27.33β discount | 6.96 | 25.5% | 32.48 |
| Howmet Aerospace Inc. | HWM | $99.8B | 66.15 | 18.64 | 28.2% | 44.96 |
| United Parcel Service, Inc. | UPS | $93.7B | 16.81 | 5.77 | 34.3% | 9.76 |
| Cummins Inc. | CMI | $93.6B | 32.91 | 7.58 | 23.0% | 18.31 |
| General Dynamics Corporation | GD |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $92.4B |
| 21.94 |
| 3.60 |
| 16.4% |
| 15.52 |
| Waste Management, Inc. | WM | $87.9B | 32.48 | 8.80 | 27.1% | 15.37 |
| CSX Corporation | CSX | $85.9B | 29.73 | 6.53 | 22.0% | 16.62 |
| 3M Company | MMM | $79.7B | 24.52 | 16.95 | 69.1% | 13.46 |
| Emerson Electric Co. | EMR | $79.6B | 34.70 | 3.92 | 11.3% | 18.97 |
| Peer Median | - | 31.11 | 7.05 | 25.1% | 16.07 | |